Disaster Recovery as a Service - Albania

Revenue in the Disaster Recovery as a Service is projected to reach US$3.62m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.50%, resulting in a market volume of US$9.20m by 2029.
In global comparison, most revenue will be generated United States (US$4.10bn in 2024).

Definition:

Disaster Recovery as a Service (DRaaS) refers to the provisioning of third-party cloud computing and backup services that enable the replication and hosting of physical or virtual servers to ensure data availability and organizational operation continuity in the event of a disaster. DRaaS minimizes downtime and data loss by providing organizations with the ability to perform a full recovery of their IT infrastructure in a secondary, cloud-based environment.

Additional Information:

The Disaster Recovery as a Service (DRaaS) market comprises revenue, revenue change, and average spend per employee as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the DRaaS market include companies such as Microsoft Azure, IBM, and Recovery Point Systems.

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Cloud-based disaster recovery solutions such as Amazon Web Services (AWS) Disaster Recovery, Microsoft Azure Site Recovery, and Google Cloud Disaster Recovery
Real-time Replication and Continuous Data Protection (CDP) such as Zerto Virtual Replication, Veeam Backup & Replication, and Commvault Continuous Data Replication
Disaster recovery orchestration tools, such as IBM Resiliency Orchestration, VMware Site Recovery Manager, and Rubrik Polaris

Traditional on-premises disaster recovery solutions, such as Symantec Backup Exec, and Veritas NetBackup Appliance
Standalone Business Continuity Planning (BCP) tools not integrated with DRaaS, such as Fusion Framework System, ClearView, and BC in the Cloud

The Disaster Recovery as a Service (DRaaS) market within the Public Cloud Market in Albania is witnessing intense growth, fueled by the increasing need for data protection, rising cyber threats, and the demand for cost-effective recovery solutions among businesses.

Customer preferences: Businesses in Albania are increasingly prioritizing robust data security measures, reflecting a heightened awareness of the risks posed by cyber threats. This shift is particularly evident among small and medium enterprises (SMEs), which are seeking scalable and cost-effective Disaster Recovery as a Service (DRaaS) solutions to ensure business continuity. Additionally, as remote work becomes more commonplace, organizations are recognizing the need for flexible recovery options that cater to a dispersed workforce, driving demand for integrated cloud-based services.

Trends in the market: In Albania, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing significant growth, driven by an increasing emphasis on data security and business continuity among small and medium enterprises (SMEs). As cyber threats become more prevalent, organizations are prioritizing scalable and cost-effective DRaaS solutions to safeguard their operations. Moreover, the rise of remote work is prompting a demand for flexible recovery options, enabling businesses to support a distributed workforce. This trend underscores the importance of integrated cloud-based services, presenting opportunities for providers to innovate and enhance their offerings.

Local special circumstances: In Albania, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is shaped by unique geographical and regulatory factors. The country’s susceptibility to natural disasters, such as earthquakes and floods, intensifies the need for robust disaster recovery solutions. Additionally, Albania's regulatory environment is evolving, with a focus on data protection and compliance, prompting organizations to adopt DRaaS for legal adherence. Culturally, there is a growing awareness among SMEs about the importance of business continuity, fostering a proactive approach to disaster recovery that distinguishes Albania from other markets.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Albania is significantly influenced by macroeconomic factors such as national economic stability, public sector investment, and global cloud computing trends. With the Albanian economy gradually recovering and attracting foreign investment, businesses are increasingly prioritizing disaster recovery solutions to safeguard operations. Furthermore, rising awareness of cybersecurity threats and the global shift toward cloud-based services are accelerating DRaaS adoption. Additionally, government incentives and regulatory frameworks supporting digital transformation are enhancing market growth, enabling organizations to invest in robust disaster recovery strategies that align with international best practices.

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.